M&A Deal Summary

Blue Point Capital Partners Acquires Packers Sanitation Services

On April 18, 2007, private equity firm Blue Point Capital Partners acquired business services company Packers Sanitation Services for 90M USD

Acquisition Highlights
  • This is Blue Point Capital Partners’ 3rd transaction in the Business Services sector.
  • This is Blue Point Capital Partners’ largest (disclosed) transaction.
  • This is Blue Point Capital Partners’ 10th transaction in the United States.
  • This is Blue Point Capital Partners’ 1st transaction in Iowa.
Investment Fate
  • Packers Sanitation Services was sold to a consortium of financial buyers in 2011.
  • Packers Sanitation Services was sold to a consortium of financial buyers in 2014 for 1.0B USD.
  • Packers Sanitation Services was sold to a consortium of financial buyers in 2018.

M&A Deal Summary
Date 2007-04-18
Target Packers Sanitation Services
Sector Business Services
Buyer(s) Blue Point Capital Partners
Deal Type Recapitalization
Deal Value 90M USD

Target

Packers Sanitation Services

Mt. Pleasant, Iowa, United States
PSSI is a provider of outsourced cleaning services to the beef, pork and poultry processing industries. PSSI also cleans other specialized food preparation plants including those that process salads and pizza toppings. PSSI has grown rapidly due to increased outsourcing of cleaning services and added focus on food safety.

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Buyer(S) 1

Buyer

Blue Point Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 1.9B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Blue Point Capital Partners is a middle-market private equity firm focused on investments throughout the US, Canada, and Europe. The Firm looks to commit $10 to $50 million of equity capital in companies generating sales of $30 to $300 million and EBITDA of at least $7 million. Blue Point looks for control investments that arise from management led buyouts, recapitalizaitons, and companies in need of growth capital. Sectors of interest include transportation components, metals processing, plastics, packaging, specialty distribution, environmental, building materials, industrial textiles, transportation/logistics, chemicals, industrial outsourcing, and engineered components. Blue Point will not invest in real estate, restaurants, retail, or companies operating in highly regulated industries. Blue Point Capital Partners was formed in 1990 and has offices in Cleveland, Ohio; Charlotte, North Carolina; and Seattle, Washington.

DEAL STATS #
Overall 10 of 53
Sector (Business Services) 3 of 7
Type (Recapitalization) 2 of 16
State (Iowa) 1 of 1
Country (United States) 10 of 49
Year (2007) 1 of 5
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-15 DentalOne Partners

Plano, Texas, United States

DentalOne Partners is a dental practice management company provides a wide range of business services to its affiliated dental practices in Arizona, Colorado, Texas, and Utah. Among the services provided by Dental One are administrative functions, including accounting, human resources, marketing and finance; recruitment of professional, administrative and support personnel in the practices; and equipment and facility leasing. DentalOne Partners is based in Plano, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-17 Dispatch Transportation

Fontana, California, United States

Dispatch, headquartered in Fontana, California, is a provider of materials management, transportation and logistics services. The company provides a comprehensive suite of asset-light construction and transportation services, including the provision and removal of structural fill materials (soils), equipment leasing, site loading, heavy equipment operations and transportation, site management, inter-plant transportation, short haul trucking, and aggregate sales.

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